Question
An item is tagged 20% over its cost price and sold after
offering a 10% discount. What is the profit or loss percentage?Solution
ATQ,
Let the cost price of the item be Rs. '100m'
Marked price = 1.20 × 100m = Rs. '120m'
Selling price = 0.90 × 120m = Rs. '108m'
Therefore, percentage of profit = [(108m - 100m) ÷ 100m] × 100 = 8%
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